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Consider the following two mutually exclusive projects. Project A has an NPV of $0.5 billion, an IRR of 16% and a payback period of 4

Consider the following two mutually exclusive projects. Project A has an NPV of $0.5 billion, an IRR of 16% and a payback period of 4 years. Project B has an NPV of $600 million, and IRR of 15% and a Payback period of 3 years. Which project should be chosen?

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